Walk into any supermarket or health-foods store today, and you'll see a vast array of yogurts in the dairy case. Flash back just 11 years, and the yogurt offerings were meager, to say the least. Dannon was marketing yogurt in US stores, but the food category was miniscule and anything but mainstream.
The incredible growth of yogurt during the 21st century is due, in large part, to the entrance of one brand--Chobani, which launched its Greek yogurt in 2007.
Today, Chobani is competing with brands that didn't exist in 2007, as well as brand and product extensions of companies that were part of the yogurt market in the 20th century. Consumers have responded to the new wave of yogurts by trying new products and, in some cases, becoming loyal yogurt lovers.
No wonder Chobani has been redesigning its products and packaging to stand out in this increasingly crowded environment. The company is also reformulating yogurts with lower sugar and more flavor pop. And it's "stretching" the branded yogurt concept into drinkable products, among other innovations.
Yogurt is everywhere. How will Chobani, Dannon, and other brands maintain the interest and loyalty of consumers in such a competitive marketplace?
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.